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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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- 2020 worksheet for adjusting partners basis
2020 worksheet for adjusting partners basis
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jra1
Level 2
02-24-2021
12:45 PM
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Can someone explain to me why on the Worksheet for Adjusting the Basis of a Partners Interest, line 4b is deducted from 4a when that amount is already included in 4a?
Seems to me we are deducting business interest "twice" thereby incorrectly reducing the basis "twice" for the same expense.
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